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November 2008
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- British Pound Spikes Amidst Wild Volatility, Falls Back as BOE Minutes Signal Further Rate Cuts - Japanese Yen Jumps While US Stocks Close at Lowest...

Dollar Future Depends On Rates And Growth Beyond December

Wednesday, November 19th 2008   15:02
An interest rate is one of the key elements to valuing a currency; however, there are times when other factors are more important to the market. Considering...

Rates May Be Slashed to 50-Year Lows, Fed Minutes Show

Wednesday, November 19th 2008   17:36
In its Oct 28-29 meeting the Federal Reserve made it clear that it could invoke a near zero interest rate policy (ZIRP) if the economic perspective continued...
The British pound gained throughout much of the morning to reach an intraday high of 1.5249, but subsequently fell back below 1.50 as UK interest rate...

Fed's Hands Are Tied

Monday, November 3rd 2008   18:07
It's a little-known fact that the US Federal Reserve Bank does not actually set interest rates. As a result, there is often a discrepancy between the "suggested" Fed rate and the actual rate....
Greenback could be getting ready for another surge in currency tradingThe U.S. dollar is showing some stability in FX trading on the currency market today. It has been fairly even the last couple of...

Bank of Japan Moves Closer to Intereference

Wednesday, November 19th 2008   7:44
Exports are more important than the yen in currency tradingFor years, the Bank of Japan and other Japanese officials have made it clear that exporters are more important than the strength of the yen...
FXstreet.com (Barcelona) – The Bank of England has affirmed that its decision to cut its Bank Rate by 1,50% announced in November the 6th was approved unanimously, based on the need to react...

US Housing starts fall again to record low in October

Wednesday, November 19th 2008   14:02
FXstreet.com (Barcelona) – Starts of new houses have dropped again in October, for the fourth consecutive month to their lowest level ever, while building permits have dropped much lower than...

Australia At Risk of Recession in 2009, Says Westpac

Tuesday, November 18th 2008   20:35
Australia’s Westpac Leading Index fell -1.0% in September, the lowest in at least 23 years. The reading suggests the annualized growth rate has fallen...

U.K. Pound Remains Under Pressure in Forex Trading

Tuesday, November 18th 2008   7:35
Sterling pulls back after attempted rally in currency tradingThe U.K. pound remains under pressure in forex trading on the currency market today. The sterling attempted a rally against the U.S....

Forex Trading Forecast: Dollar/Yen

Tuesday, November 18th 2008   7:43
U.S. dollar set to gain in currency tradingRecently, the only currency that has been giving the greenback trouble in FX trading has been the Japanese yen. However, the forex trading forecast for the...

European Economic Data Preview: UK Consumer Price Index

Monday, November 17th 2008   17:06
Britain’s Consumer Price Index is expected to show the pace of price growth slowed to 0.1% in October, brining the annual inflation rate down to 4.8% having...

Reserve Bank of Australia Sees Rates at Neutral Position

Monday, November 17th 2008   17:49
At its Nov. 4 meeting, the Reserve Bank of Australia eased “monetary policy quickly to a neutral position,” for a total of three rate cuts over the course...
U.K. pound drops in currency tradingAs one might expect, the U.K. pound continues to drop in currency trading on the FX market. Indeed, U.K. rate cut expectations are sending the sterling lower in...
FXstreet.com (Barcelona) – Consumer prices continue moderating their growing paces in Germany, on the back of the recent sharp decline in mineral oil prices, in October, annual inflation has...

Euro Area CPI continued moderating in October

Friday, November 14th 2008   10:24
FXstreet.com (Barcelona) –Inflation has continued moderating at a fast pace in October, as food and energy prices slow down their growing paces, according to data released by Eurostat.

U.K. Pound Moves Below $1.50 in Forex Trading

Thursday, November 13th 2008   6:39
Sterling continues to be pounded in currency tradingThe U.K. pound has dropped below $1.50 in forex trading on the currency market. The sterling continues to be pounded in currency trading as the...
FXstreet.com (Barcelona) – The European Central bank has released its monthly bulletin where it observes that global economy is slowing down and uncertainty remains at unusual high levels, although...
FXstreet.com (Barcelona) – Economic expectations seem to have improved slightly in Switzerland in November although they still remain at levels far from the historical average, according to the...
- US Dollar Gains on Risk Aversion, Second Only to the Japanese Yen - British Pound Falls Nearly 3% Below 1.50 as Bank of England Signals Significant Rate...

UK Rate Cut Backfires

Tuesday, November 11th 2008   16:47
Last week, the Bank of England acquieced to the seriousness of the credit crisis by cutting its benchmark interest rate by 150 basis points- the largest margin in nearly two decades. While the move...

U.K. Pound Plunges in Forex Trading

Wednesday, November 12th 2008   7:27
Currency trading with the sterlingThe U.K. pound is plunging in forex trading on the currency market as economic troubles continue to apply pressure.

Down Under Currencies Drop in Forex Trading

Wednesday, November 12th 2008   7:36
Currency trading with the Aussie and the kiwiDown under currencies are floundering in forex trading today as support from equity markets all but disappears. Stock market slumps are affecting currency...

UK unemployment increases in October

Wednesday, November 12th 2008   9:47
FXstreet.com (Barcelona) – Unemployment has ticked up in the United Kingdom in the three months to October, although posting the largest monthly rise since 1992, according to figures released by...


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